Accounting Dictionary

Expenses

Money that a business pays to help generate income.

If ABC Company pays a 10% sales commission to all its salesmen, that 10% would be considered an expense. The 10% commission was spent to generate a sale 10 times the amount of the commission.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top